JSE weakens after China rate cut fails to impress
Less-than-expected reduction fuels concern about recovery prospects for the world’s second-biggest economy
20 June 2023 – 11:39
The JSE was weaker on Tuesday morning and global equity markets were mixed after a less-than-expected interest rate cut by the People’s Bank of China (PBoC).
Overnight, the PBoC trimmed its lending rates by just 10 basis points (bps), fuelling concern about the prospects for a rebound in the world’s second-biggest economy after authorities lifted a strict zero-Covid policy…
Source: businesslive.co.za
